East Fishkill

Let's summarize some of the more important statistics from the latest real estate market report from the New York State Association of REALTORS®. We're going to take a look at New York State, and then drill down to Dutchess and Ulster Counties numbers.

Overall the real estate market is healthy and it is a good time to sell and buy. Because inventories of available homes are low, it is a sellers market, but so far this situation has not led to significant increases in sales prices.

State of New York - Year-to-date through February 2016, compared to the same period last year:

• 7.9% more listings came on the market, but the inventory is still low in certain areas.

• Pending contracts were up 19.6%. These are properties that have accepted contracts but have not yet closed.

• Closed sales were also up this year by 18.7%. Based on the increase in pending contracts, it looks like we will also see a significant increase in closed sales for March.

Hudson Valley Research Park is located in the town, and houses 27 divisions and 4,700 regular employees for IBM Microelectronics. IBM also has an advanced, automated processor fabrication facility where the "Cell" processor was co-developed.

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